Ethereum on June 9, 2025: Will the Price Rally Continue?

Ethereum traded at $2,564 on June 9, 2025. Will the bullish trend persist?

On June 9, 2025, Ethereum traded at approximately $2,564, reflecting a 29.61% increase over the past week. This price surge follows a period of significant volatility, drawing attention from investors. Technical analysis indicates Ethereum is holding above its 20-day exponential moving average ($2,502) but faces resistance at $2,700. The Relative Strength Index (RSI) is at 55, suggesting balanced market conditions without overbought signals. A breakout above $2,700 could push Ethereum toward $3,000 in the short term. Otherwise, it may retreat to the $2,460 support level. A key driver of Ethereum’s recent growth is the surge in inflows to Ethereum spot ETFs, which attracted over $837 million in the week ending June 9. This institutional demand underscores growing confidence in Ethereum as a long-term asset. Network activity also supports Ethereum’s price. Stablecoin transaction volume on Ethereum’s ecosystem (Layer 1 and Layer 2) has exceeded $11 trillion in 2025, highlighting its widespread adoption. However, competition from networks like Solana and BNB Chain is intensifying, potentially impacting Ethereum’s market share. Macroeconomic factors are also at play. U.S.-China trade talks, spotlighted on June 9, could boost global liquidity and benefit risk-on assets like Ethereum. However, Federal Reserve interest rate decisions remain a risk for the crypto market. In the long term, analysts are optimistic about Ethereum’s outlook. Forecasts suggest that with ongoing technical advancements, such as Layer 2 scalability improvements and broader DeFi and NFT adoption, Ethereum could reach $5,800 to $10,000 in the coming years. Investors should remain cautious of short-term volatility and adopt risk management strategies. Overall, Ethereum remains a cornerstone of the crypto market, offering significant growth potential for long-term investors.